abrdn plc Raises Position in Vertiv Holdings Co (NYSE:VRT)

abrdn plc increased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 56.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,424 shares of the company's stock after purchasing an additional 27,087 shares during the period. abrdn plc's holdings in Vertiv were worth $3,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB acquired a new position in Vertiv in the 4th quarter valued at $1,040,000. Xponance Inc. raised its holdings in Vertiv by 2.9% in the 4th quarter. Xponance Inc. now owns 14,984 shares of the company's stock valued at $720,000 after acquiring an additional 426 shares in the last quarter. WT Asset Management Ltd acquired a new position in Vertiv in the 4th quarter valued at $24,486,000. CenterBook Partners LP raised its holdings in Vertiv by 82.0% in the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company's stock valued at $6,508,000 after acquiring an additional 78,793 shares in the last quarter. Finally, Quadrature Capital Ltd raised its holdings in Vertiv by 791.6% in the 3rd quarter. Quadrature Capital Ltd now owns 92,628 shares of the company's stock valued at $3,445,000 after acquiring an additional 82,239 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Oppenheimer boosted their price target on Vertiv from $96.00 to $98.00 and gave the stock an "outperform" rating in a report on Thursday. Evercore ISI boosted their price target on Vertiv from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday. Bank of America boosted their price target on Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, March 18th. Citigroup boosted their price target on Vertiv from $102.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Vertiv from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $81.11.

Vertiv Trading Up 1.4 %

Shares of Vertiv stock traded up $1.31 during trading on Monday, hitting $94.80. The company's stock had a trading volume of 14,539,695 shares, compared to its average volume of 8,205,693. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. Vertiv Holdings Co has a 52 week low of $14.27 and a 52 week high of $95.32. The stock has a market cap of $36.21 billion, a price-to-earnings ratio of 91.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.59. The stock has a 50-day moving average price of $77.15 and a two-hundred day moving average price of $58.08.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The company had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.62 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Vertiv's revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Vertiv Holdings Co will post 2.38 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. Vertiv's dividend payout ratio is 9.62%.

Insider Buying and Selling

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the company's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the company's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 306,196 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by insiders.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.